As interest rates fluctuate, savers are often left wondering when the right time is to lock in a rate with a Certificate of Deposit (CD). With the Federal Reserve signaling potential rate cuts, waiting to open a CD could mean missing out on the higher CD rates available today. Here’s why acting now might be …
The Advantages of Opening a CD Today: Don’t Miss Out on Higher Rates Read More »
As the Federal Reserve strongly hints at impending interest rates this September, millions of consumers with maturing Certificates of Deposit (CDs) are facing decisions that will impact their financial returns. With CDs, savings accounts, money markets, and other liquid savings positioned to see lower returns, now is the time for savers to evaluate their cash …
Beat the Rate Cut: How a CD Can Maximize Your Savings in a Changing Economic Landscape Read More »
As a millennial navigating the complexities of personal finance, Duncan Taylor always sought ways to balance risk and reward. Growing up in a world marked by economic uncertainty, he learned to be cautious with his money. Enter the Certificate of Deposit (CD)—a seemingly old-school investment tool that’s been finding new relevance among younger generations. In …
Why Millennials are Rediscovering CDs: A Smart Move for Financial Planning Read More »
When do we not think about taxes? We certainly think about taxes when we consider how we invest our money. And taxes are also top-of-mind at the end of the calendar year. Certificates of Deposit (CDs) have gained popularity this year, given their low risk and high return relative to other options. But as you …
Taxes and Certificates of Deposit: What You Need to Know Read More »
With higher interest rates, it’s a great time to use certificates of deposit (CD) in your charitable giving strategy. There are a few ways to give a CD to the nonprofit organization of your choice and all it takes is a few more steps than if you were to open a CD for yourself. Certificates …
How To Leverage CDs to Grow Your Charitable Donations Read More »
As the Federal Reserve’s forecast for rate cuts was pushed further into the year, savers continue to have plenty of high-rate CDs to choose from, generally with shorter terms. But are they the better savings choice in the long run, given that economists expect cuts later this year? Short-term CDs (1 year or less) may …
Promotional offers or some may say “specials” for certificates of deposit (CDs) come with off-standard terms, generally higher rates, and often additional requirements. But before signing on for special CDs, it’s important to be diligent, read the fine print, and understand your agreement. This can help alleviate any surprises. CD “Special” Offers New Money As …
Don’t Get Blindsided by High CD Rates – What to Know About CD “Specials” Read More »
Changes have come to effect to Federal Deposit Insurance Corporation (FDIC) coverage. The FDIC adopted a new rule on April 1, 2024, to simplify insurance coverage for beneficiaries, more specifically for formal or informal trust accounts. What does the new trust account rule do? The change combines revocable and irrevocable trusts into one ownership category. …
FDIC Insurance Trust Accounts Update: What You Should Know Read More »
Certificates of deposit are a safe way to invest your money while earning more with interest rates that are generally higher than your traditional savings account. CDs typically have a fixed-term length and fixed-term rate, with a minimum deposit required to open the account. But there is a catch. When you open a CD, you …
What Is a CD Early Withdrawal Penalty and How Do I Avoid It? Read More »
There are several options to safely store money, but deciding on which option to choose is a little easier when you know you can grow your nest egg while it’s tucked away. Certificates of deposit (CDs) and money market accounts (MMAs) can do just that. They are alternatives to traditional savings accounts and are not …
Money Market Accounts (MMAs) vs. Certificates of Deposit (CDs): What’s The Difference? Read More »
